Property
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October 11, 2023
Strong competition sees improving market conditions, says Lockton
New entrants, often with a broader risk appetite, are driving strong competition for business and forcing existing insurers to limit…
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October 11, 2023
US commercial insurance rate increases moderate to 3.2% in Q3: MarketScout
US commercial insurance rates rose 3.2% in aggregate during the third quarter, compared with 5% in Q2, according to MarketScout.…
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October 10, 2023
Darim approaches 100th member
The Danish Risk and Insurance Management Association (Darim) is on the verge of a milestone. It currently has 99 members…
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October 10, 2023
Best keeps negative outlook on Indonesian non-life insurance sector
Rising reinsurance costs and more-restrictive coverages have led to heightened reinsurance credit risk and potential pressure on underwriting margins for…
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October 9, 2023
High demand for US excess and surplus lines drives growth
High demand and hard market conditions are expected to see the US excess and surplus (E&S) insurance market post a…
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October 5, 2023
Insurance Europe calls for action on climate change adaptation
Governments around the world must adopt “profound” climate change adaptation measures to reduce the risk exposure to natural catastrophes and…
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October 4, 2023
Insurers set to push for more property, liability rate hikes in US renewals
US carriers are expected to seek further significant rate increases at renewals over the next few months, citing sustained increases…
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September 28, 2023
Mexico’s insurance sector outlook revised to stable from negative, says Best
AM Best has revised its outlook for Mexico’s insurance segment to stable from negative, given the strong recovery in the country’s…
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September 27, 2023
US severe convective storm losses exceed $50bn, says Gallagher Re’s Bowen
Severe convective storms in the US have breached annual insured losses of $50bn for the first time before the year…
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September 27, 2023
UK commercial rates have peaked, says Moody’s
Moody’s has maintained its negative outlook for the UK’s P&C sector and said that rate increases in commercial insurance have…
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September 27, 2023
Dutch and German insurers unite to face flood risk
The Dutch insurance association (VVV) is working with its German equivalent (GDV) in key areas of mutual concern such as…
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September 26, 2023
French insurers tackle rising household drought claims
The French insurance sector has launched an initiative to tackle the rising problem of damage caused by drought to private…
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September 22, 2023
Australian insurers warn of heighted bushfire risk
The Insurance Council of Australia (ICA) has warned about the heightened risk of wildfire during the current El Niño conditions,…
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September 21, 2023
Brown & Brown unit agrees to buy London-based MGA
Brown & Brown Europe, part of US broker Brown & Brown, has agreed to acquire Occam Underwriting, a London-based managing…
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September 20, 2023
AGCS names global head of construction
Darren Smart has been appointed as global head of construction for Allianz Commercial. Smart will join the firm from Liberty…
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September 20, 2023
Property reinsurance shock may be over but rates unlikely to fall
Rates may increase for many property reinsurance buyers at year-end renewals, but early indicators are that the sharp price hikes…
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September 20, 2023
E&S market addresses natural catastrophe challenges
The excess and surplus (E&S) lines industry is being challenged by the turmoil created by this year’s natural catastrophes. But…
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September 13, 2023
Exposure growth, not climate change, is driving storm losses: Aon
Exposure growth accounts for the lion’s share of increased convective storm losses, with climate change playing a relatively small role,…
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September 13, 2023
Renewal rates flat but still profitable for reinsurers, says Berenberg
Reinsurance rates for 1/1 renewals are likely to be flat to slightly positive, according to analyst Berenberg, as it identified…
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September 12, 2023
Japanese general insurance industry to grow 2.8% in 2023
An increase in car sales, new infrastructure projects, an increasing demand for policies covering natural catastrophic events, and rising cases…